in fact the european union and others, including canada, australia, norway, japan and south korea have now imposed their own sanctions. virtually every western energy company has now agreed to cease sales of refined petroleum to iran and refrain from investments in iran's energy sector. following the passage, most banks in the united arab emirates, an portrayeding partner, stopped money transfers to iran. press reports have indicated sanctions have cut in half exports with dubai. south korean sanctions have suspended the iran bank in seoul. the bank is a known facilitator of iran's proliferation activities and south korea is iran's fourth largest trading parter. the impact is significant. based on our discussion with the korean government. the banks's operations have been shut down for good. japan have recently announced sanctions that target iranian entities and individuals of proliferation concern, including iranian banks, the islamic revolutionary guard corps and the iranian shipping lines. these sanctions, along with the prohibition on the transfer of proliferation-sensitive dual-u